Oil & Gas Regulatory Authority (OGRA) on Friday submitted a summary to the petroleum division recommending that the prices of the petroleum products should be decreased by up to Rs7.23 per litre starting from March 1.
According to sources, the regulatory authority forwarded a summary to the petroleum division suggesting a cut of at least Rs5.79 in the petrol price. The summary also recommended to reduce the price high speed diesel (HSD) by Rs 7.23 per litre.
The Ministry for Finance will consider the recommendations of the OGRA on Saturday, and make its decision accordingly.
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